Mukesh Ambani is the chairman and managing director of Reliance Industries and an Indian billionaire businessman. Reliance Industries’ stock market position is undoubtedly dominating. In addition, the organizations have continually delivered strong outcomes and stable performance for investors throughout the years.
Here are three such Mukesh Ambani stocks under Rs 50
TV18 Broadcast Ltd
On Thursday, shares of TV18 Broadcast Ltd were trading at Rs 43.80, down 0.57 percent from the previous close price, with a market value of Rs 7,457 crores.
In the last six months, the stock has gained 33 percent and in the last year stock has gained 13 percent.
TV18 Broadcast Ltd operational revenue has increased by 151 percent year on year, from Rs 1,265 crore in Q1FY23 to Rs 3,176 crore in Q1FY24. During the same period, net profit climbed by 46 percent, from Rs 50 crore to Rs 73 crore.
As per the current shareholding pattern, the promoters own 60.4 percent of the company, while foreign institutional investors own 8.5 percent.
TV18 Broadcast Ltd owns and operates one of India’s top 24-hour English language news and current affairs channels, CNN IBN. The company owns and operates MTV, VH1, Nickelodeon and COLORS.
Den Networks Ltd.
Den Networks Ltd shares were trading at Rs 42.95 on Thursday, down 0.12 percent from the previous close price, with a market capitalization of Rs 2,040 crores.
In the previous six months, the stock has increased by 37 percent, and in the last year, it has increased by 22 percent.
Den Networks Ltd revenue fell 3.5 percent year on year, from Rs 283 crore in Q1FY23 to Rs 273 crore in Q1FY24. Net profit increased by 266 percent within the same period, from Rs 12 crore to Rs 44 crore.
As per the latest shareholding pattern, The promoters control 74.9 percent of the firm, while foreign institutional investors possess 1.24 percent.
DEN Network is one of the largest cable network distributors in India and it was acquired by Reliance Industries. The company provides visual entertainment to its customers through cable TV, over-the-top (OTT) entertainment, and broadband services.
Hathway Cable and Datacom Ltd
Hathway Cable and Datacom shares were trading at Rs 16.35 on Thursday, with the market capitalization at Rs 2,894 crores.
Hathway Cable and Datacom Revenue climbed by 11 percent year on year, from Rs 447 crore in Q1FY23 to Rs 499 crore in Q1FY24. During the same time period, net profit increased by 100 percent, from Rs 5 crore to Rs 10 crore. In the last four months, the stock has gained 34 percent.
As per the current shareholding pattern, the promoters own 75 percent of the company, while foreign institutional investors own 6.52 percent.
Hathway Cable & Datacom is engaged in the distribution of internet services through cable and has a strategic stake in entities engaged in Cable Television businesses.
Written By Omkar Chitnis
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